01971cam a22002417 4500001000600000003000500006005001700011008004100028100002300069245014500092260006600237490005200303500002000355520095600375530006101331538007201392538003601464700002701500710004201527830008701569856003701656856003601693h0041NBER20180524154214.0180524s1992 mau||||fs|||| 000 0 eng d1 aHatton, Timothy J.10aInternational Migration and World Developmenth[electronic resource]:bA Historical Perspective /cTimothy J. Hatton, Jeffrey G. Williamson. aCambridge, Mass.bNational Bureau of Economic Researchc1992.1 aNBER historical working paper seriesvno. h0041 aSeptember 1992.3 aThe 1920s marked the end of a century of mass migration from Europe to the New World. This paper examines analytically this pre-quota experience. The discussion is divided into two parts. The first deals with the character and dimensions of overseas emigration from Europe chiefly from the mid 19th century to World War I. The second discussions the effects of these migrations on both sending and receiving countries. The traditional literature has far more to say about the first than the second. Here we deal with the evolution of global labor markets, first as they were directly influenced by the migrations, and second as they interacted with the evolution of world commodity and capital markets. The paper argues that the impressive economic convergence which took place between 1870 and World War I can be largely explained by these forces of economic integration, rather than by technological convergence or differential human capital growth. aHardcopy version available to institutional subscribers. aSystem requirements: Adobe [Acrobat] Reader required for PDF files. aMode of access: World Wide Web.1 aWilliamson, Jeffrey G.2 aNational Bureau of Economic Research. 0aHistorical Working Paper Series (National Bureau of Economic Research)vno. h0041.4 uhttp://www.nber.org/papers/h004141uhttp://dx.doi.org/10.3386/h0041